Credit Union Insurance Ltd has been given a full insurance license by the Reserve Bank.

Fisher Funds is now the biggest New Zealand-owned and managed KiwiSaver provider, after the acquisition of TOWER investments.

RaboDirect has added a new person to its team to help the bank grow business with advisers.

GMI principals Gareth Morgan and Andrew Gawith have ended their employment with Gareth Morgan Investments (GMI).

New Zealand's mortgage lending has reached a new high.

The Christchurch-based Lifetime Group has appointed a general manager and Warren Stephens has now become the company's chief executive.

LM Investment Management’s administrators plan to ask Deutsche Bank for an additional loan on top of the $40 million it has advanced to the frozen LM First Mortgage Fund.

The Co-operative Bank has an attractive three-year special home loan rate, is reviewing one of its floating rates and started a push into the Auckland market.

Banks may soon have to hold more capital to offset high loan-to-value home lending, the Reserve Bank has indicated. And one expert says that may lead to higher interest rates.